1. The only current asset possessed by a firm are: Cash $ 105,000, Inventories $ 560,000 and
Accounts Receivable $ 420,000. If the current ratio for the firm is 2: 1, determine its current
liabilities and calculate the firm's quick ratio
2. At the cose of the year a company has inventory of $ 150,000 and cost of goods sold for
$ 975,000. If the company's turnover ratio is 5, determine the opening balance of the inventory
3. Assume that the industry average of fixed asset turnover of MITU Manufacturing Company
is 2.50 times and the total asset turno ver is 2 times. Net saes for the year are 250,000 and
95% of the total assets of the organization are fixed. Assume further that the production
manager requests additional fund for the purchase of fixed assets that he thinks coukl
increase the profitability of the company. Given no impact of depreciation, and if you are the
financial manager of MITU Maufacturing Company, what should be your reaction towards
this proposaľ? Why?
Answers: 2
Business, 22.06.2019 03:30, jose0765678755
Joe finally found a house for sale that he liked. which factor could increase the price of the house he likes? a. both he and the seller each have a real estate agent. b. a home inspector finds faulty wiring in the house. c. the house has been for sale for almost a year. d. several buyers all want that same house.
Answers: 2
Business, 22.06.2019 10:30, Uc34758
Issued to the joint planning and execution community (jpec) initiates the development of coas; it also requests that the supported ccdr submit a commander's estimate of the situation with a recommended coa to resolve the situation (joint force command and staff participation in the joint operation planning and execution system, page 10)
Answers: 2
Business, 22.06.2019 18:00, firesoccer53881
If you would like to ask a question you will have to spend some points
Answers: 1
1. The only current asset possessed by a firm are: Cash $ 105,000, Inventories $ 560,000 and
Accou...
Mathematics, 13.10.2020 14:01
Mathematics, 13.10.2020 14:01
History, 13.10.2020 14:01